Trading Update and Strategic Review (2904F)
June 14 2012 - 2:00AM
UK Regulatory
TIDMRLH
RNS Number : 2904F
Red Leopard Holdings PLC
14 June 2012
RED LEOPARD HOLDINGS PLC
(the "Company")
Trading Update and Strategic Review
Further to the trading update announced on 22 February 2012, the
Company announces that the progression of the proposed purchase of
a site in the South West of England for GBP1.85 million is no
longer expected to complete by the end of this quarter.
The board remains hopeful that the deal will still complete but,
given the current economic climate and its effect on the property
and hospitality sector, the Board is now undertaking a broader
strategic review of the options available for the group's future
development.
With this in mind the Directors believe it is in the best
interests of the shareholders to consider other opportunities
outside of the property and hospitality sector and specifically in
the natural resources sector, pursuing projects which could fulfill
the criteria of near term production with further exploration
potential. In the event that the Company does formally change its
strategy and invest in or acquire an interest in a natural
resources project or company it is likely to require shareholder
approval under the AIM rules.
The Company will update shareholders as and when appropriate
and, in any event, following completion of the strategic review
which is expected to be by the end of the third quarter 2012.
Enquiries:
Red Leopard Holdings PLC
John May, Chairman Tel: +44 (0)207
766 0080
Northland Capital Partners Limited
Luke Cairns Tel: +44 (0)207
796 8820
Gavin Burnell
Information is available on the Company's website
(www.redleopardholdings.com).
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLXLFFLQFBBBV
RED Leopard (LSE:RLH)
Historical Stock Chart
From Aug 2024 to Sep 2024
RED Leopard (LSE:RLH)
Historical Stock Chart
From Sep 2023 to Sep 2024